Regional-based minimum wage to increase by 6 per cent on July 1
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- Business
- 14:16 14/06/2022
DNHN - The regional-based minimum wage will officially increase by 6 per cent from July 1, following Decree No.38/2022/ND-CP promulgated on June 12.
The minimum wage for workers in the first region, Hanoi's and Ho Chi Minh City’s urban areas, would be $203.50 per month. Region 2, covering the two cities’ rural areas along with major urban areas in the country like Can Tho, Danang, and Haiphong, would be $108.85 each month.
In Region 3, featuring provincial cities as well as Bac Ninh, Bac Giang, and Hai Duong provinces, employees will earn at least $158.55 every month, while the rest of the country in Region 4 would hit a minimum of $141.30.
This adjustment will be applied to employees who work under labour contracts as prescribed in the Labour Code.
Besides this, enterprises, agencies, organisations, cooperatives, households, and individuals that hire employees on the basis of labour contracts will also implement this decision.
The new decree also stipulates new minimum hourly pay of VND22,500 (97 US cents) in Region 1, VND20,000 (86 US cents) in Region 2, VND17,500 (76 US cents) in Region 3, and VND15,600 (68 US cents) in Region 4.
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